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Overview

Nursery and Garden Centers

Large Independent Thriving Garden Center with Plant Leasing

Price: $2,650,000

Listing ID: GARDEN2

Year Established: 2002

Inventory: $300,000

Included Inventory: $300,000

Excess Inventory: $250,000

Target Working Capital: $50,000

Days & Hours of Operation: Seasonal

Full-time Employees: 15

Part-Time Employees: 5

Reason For Sale: True Retirement

Limited Seller Financing:

Inventory value is the monthly average for 2022.  The value of inventory above or below $434,583 as of the closing date will be added to or subtracted from the selling price. Financial information provided is for the 12-month period ending 03-31-2023. A portion of seller may be available based upon total transaction value and terms.

Listing Status: Pending


Summary

Description:

This business was founded in 2002 and focused on retail sales and has grown in product as well as service offerings to include commercial clients ever since.

Today, the business offers visitors an almost park-like shopping experience offering everything from trees and shrubs to bird baths.

Customers love visiting and shopping in its comfortable and inviting environment.

The experienced staff is comprised of long-term full-time employees.

Many part-time employees return year after year to work through the busy season.

The company has weathered the financial downturn with increasing year over year sales and is ready for another energetic owner to continue steering the business along its profitable path.

Plant leasing/management, landscape design/build and permanent botanicals as well as floral design make this business unique.

Event space and garden bar are enjoyed by customers. Top 5 rated garden center by Southern Living Magazine.

The competitive landscape is ideally situated for scaling this business to the next level (details upon NDA execution).

Historical Summary:

The founder started with a leased greenhouse in the late nineties and relocated to the present location in the early 2000's. ENLIGN sold this business to the current owner who is now ready to retire. Products and services have been continually expanded year over year.

Competition:

Of the 7 larger garden centers/nurseries in the area this business is located further from other competitors than any other.  Since most businesses of this type generate the majority of their revenue from residences and businesses within a 10-mile radius this business is well located with a well-known brand and large retail and commercial client base.

The business ranks high in online organic search engine results for popular related keywords and phrases.  The business has a pay-per-click (PPC) campaign that also is highly ranked. Social media ratings are well above average.

The website is up-to-date, informational, and easy to navigate.

Growth & Expansion Opportunities:

This business is located in a thriving area of one of the Country's fastest-growing metros providing high sales volumes.

Opportunity exists for further expansion of the plant leasing business and sales of tropical plants. The addition of bulk mulch (to augment bagged products) would increase margins in this product category. Landscape design services could be expanded as well which would additionally drive incremental sales.

Competitive Advantages:

This business caters to a high-end clientele. Individuals and companies seek out this businesses products and services for their quality and experiential service.

Owner Qualifications:

Buyer should have general business experience and familiarity with basic accounting, employee, and vendor management as well as marketing experience.  

A degree in horticulture or related studies would be a plus, but not required. Interest in soft scapes, hardscapes, and design is strongly encouraged. Retail experience would also be a bonus.

Support & Training:

Seller will provide reasonable transition assistance at no additional cost. Part-time employment or ongoing consulting agreement may be possible.

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Jeff Snell, CM&AP, M&AMI, LMCBI, ABI

Principal Broker & Founder – Raleigh, NC

Office: (919) 341-1100

Cell: (919) 624-1124




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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Central NC

Real-Estate: Owned for Lease

Facilities Type: Stand Alone

Monthly Rent: $20,000

Building Square Feet: 15,000

Facilities Description:

The business is located on over 5 gently rolling acres on a moderate traffic thoroughfare. The almost 15,000 square feet of well-maintained buildings showcase an impressive retail showroom, greenhouse, storage, and potting area. The site affords ample parking and easy ingress and egress for customers and vendors.

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